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MNI: PBOC Net Drains CNY140 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) on Thursday. This resulted in a net drain of CNY140 billion
given the maturity of CNY60 billion in reverse repos and CNY80 billion of
Treasury's cash deposits at commercial banks, according to Wind Information.
- The increased fiscal spending by month-end offsets the maturity of Treasury's
cash management and reverse repos, keeping the liquidity in the banking system
reasonable and ample, the PBOC said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6550% at 0953 local time from the close of 2.7145% on
Wednesday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 39 on Wednesday vs 50 on
Tuesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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